Most stocks listed on the mainland rose yesterday but the main index fell as concern about Pudong Development Bank's fund-raising plans hurt banks, and high oil prices hit refiner Sinopec Corp.
Chinese brands are growing at a rapid pace, with some of them getting international recognition, concludes a report by Samsung Economic Research Institute (SERI), citing AOC and Chery as examples.
Hong Kong stocks slid yesterday amid worries that record oil prices could fan inflation risks, damping hopes for more deep interest rate cuts by the US Federal Reserve and depressing rate-sensitive property shares.
Merger and acquisition (M&A) activities will continue to see strong growth in 2008, especially in the local market, analysts said.
Shanghai stock index rose more than 2 percent yesterday, boosted by a late jump in the shares of oil giant PetroChina, the most heavily weighted stock in the index.
Driven by strong growth potential, Chinese brokerages are striving to expand their market presence to fund expansion of more networks and types of businesses as well as to satisfy their hunger for capital.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
